lot 4 Nelligan Terrace
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2018 | Sold | ||
| Sold | |||
| May 5, 2018 | Listed by eXp Realty | $42,700 | |
| Listed by eXp Realty | |||
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Beautiful build able lot described as "accessory land, improved" on Town assessor record. Both public water and sewer in the street presenting a rare opportunity for your builder. List price is as assessed = $42,700. May be purchased with 19 Miller Drive. See listing # 72318995 for combined price of $254,900. Lot currently used as garden area. Lovely established executive neighborhood of custom homes.
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